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Tesla, the electric car company led by Elon Musk, is facing a challenging time as it is selling fewer electric cars than expected. The company has been making big bets on driverless taxis and artificial intelligence, but these ventures may take many years to pay off.

Despite the hype surrounding Tesla’s autonomous driving technology and plans for a ride-sharing network of driverless taxis, the company is still struggling to meet its production targets for its electric vehicles. In the first quarter of 2021, Tesla delivered 184,800 vehicles, falling short of the 224,000 that analysts had predicted.

Tesla’s focus on developing self-driving technology has also faced setbacks, with reports of accidents involving Tesla’s Autopilot system raising concerns about the safety of autonomous vehicles. The company has also faced criticism for its use of beta testing for its Full Self-Driving feature, which has led to mixed results and raised questions about the readiness of the technology.

While Tesla’s ambitious goals for driverless taxis and artificial intelligence have captured the imagination of investors and consumers, there are doubts about whether these ventures will be profitable in the near future. Musk has acknowledged that it could take several years for Tesla to achieve its vision of a fully autonomous ride-sharing network, and there are concerns about the regulatory hurdles and technological challenges that still need to be overcome.

As Tesla continues to face challenges in its core business of selling electric cars and struggles to deliver on its promises of driverless taxis, the company’s future remains uncertain. Investors and industry observers will be closely watching to see if Tesla can successfully navigate these obstacles and achieve its long-term goals.

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